About Quantum Source
Quantum Source is a company based in Rehovot (Israel) founded in 2021 by Oded Melamed and Gil Semo.. Quantum Source has raised $77 million across 3 funding rounds from investors including Eclipse, Standard Investments and Level Ventures. Quantum Source offers products and services including Photonic Quantum Computer and Cavity QED System. Quantum Source operates in a competitive market with competitors including PsiQuantum, Atom Computing, Quandela, Quanfluence and QuiX Quantum, among others.
- Headquarter Rehovot, Israel
- Founders Oded Melamed, Gil Semo
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Sectors
Technology
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$77 M (USD)
in 3 rounds
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Latest Funding Round
$50 M (USD), Series A
Sep 10, 2024
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Investors
Eclipse
& 7 more
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Employee Count
Employee Count
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Products & Services of Quantum Source
Quantum Source offers a comprehensive portfolio of products and services, including Photonic Quantum Computer and Cavity QED System. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables fault-tolerant computing for complex algorithms and simulations.
Facilitates qubit generation and error correction in quantum devices.
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Funding Insights of Quantum Source
Quantum Source has successfully raised a total of $77M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $50 million completed in September 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $50.0M
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First Round
First Round
(01 Jul 2022)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Series A - Quantum Source | Valuation | Eclipse | |
| Apr, 2023 | Amount | Seed - Quantum Source | Valuation | Dell Technologies Capital | |
| Jul, 2022 | Amount | Seed - Quantum Source | Valuation | Pitango , Grove Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Quantum Source
Quantum Source has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Eclipse, Standard Investments and Level Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage investments are made by Eclipse across multiple sectors.
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Level Ventures is engaged in investing in venture firms globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Quantum Source
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Quantum Source
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Quantum Source Comparisons
Competitors of Quantum Source
Quantum Source operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as PsiQuantum, Atom Computing, Quandela, Quanfluence and QuiX Quantum, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Photon-based universal quantum computers are developed for error correction.
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| domain | founded_year | HQ Location |
Universal quantum computers are developed using optically trapped neutral atoms.
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| domain | founded_year | HQ Location |
Quantum photon sources for qubits are developed by the company.
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| domain | founded_year | HQ Location |
Quantum computing systems and photonics-based solutions are developed and provided.
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| domain | founded_year | HQ Location |
Photon-powered quantum computing processors are designed and developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Quantum Source
Frequently Asked Questions about Quantum Source
When was Quantum Source founded?
Quantum Source was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Quantum Source located?
Quantum Source is headquartered in Rehovot, Israel. It is registered at Rehovot, Central District, Israel.
Who is the current CEO of Quantum Source?
Oded Melamed is the current CEO of Quantum Source. They have also founded this company.
Is Quantum Source a funded company?
Quantum Source is a funded company, having raised a total of $77M across 3 funding rounds to date. The company's 1st funding round was a Seed of $15M, raised on Jul 01, 2022.
What does Quantum Source do?
Quantum Source was founded in 2021 in Rehovot, Israel, within the quantum computing sector. Large-scale error-corrected quantum systems using qubits are developed and provided to users. Photonic quantum computers are featured, along with applications focused on practical implementations. Operations center on advancing qubit-based technologies for scalable computing solutions.
Who are the top competitors of Quantum Source?
Quantum Source's top competitors include PsiQuantum, Atom Computing and Quandela.
What products or services does Quantum Source offer?
Quantum Source offers Photonic Quantum Computer and Cavity QED System.
Who are Quantum Source's investors?
Quantum Source has 8 investors. Key investors include Eclipse, Standard Investments, Level Ventures, Canon Equity, and Dell Technologies Capital.